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BrianKrebs · 2w
btw this story is worth reading. Dalio's been consistently on target ahead of previous big corrections in the markets. n.b.: "Acadian Asset Management's Owen Lamont has framed the clearest test of wh...
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BrianKrebs @BrianKrebs
One final thing about this story: "Wealth is not the same as money," he said. "You see a lot of people getting wealthy but you can't spend the wealth. You have to sell the wealth to get money because you can only spend money."

There is a ton of wisdom in this statement. The excellent (and IMHO required reading) book The Psychology of Money drives home one idea over and over: True wealth is what you don't see.
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VessOnSecurity · 2w
nostr:nprofile1qy2hwumn8ghj7un9d3shjtnyd968gmewwp6kyqpqwf44gvmu4g6x0gwwjgrnlw0f8dxmvx7h929k057wwv8hwa8clq6se2gu7x You can also borrow the money by using the wealth as a collateral - without selling it. In fact, this is what most rich people do.
Martin Seeger · 2w
nostr:nprofile1qy2hwumn8ghj7un9d3shjtnyd968gmewwp6kyqpqwf44gvmu4g6x0gwwjgrnlw0f8dxmvx7h929k057wwv8hwa8clq6se2gu7x True wealth is having time for friends and family while having enough to eat and not being dead tired. True wealth is being able to see a doctor when you don’t feel well without fear...